Los Angeles & South Bay Feb. 2020 Housing Market Update - Housing Market Stays Fierce!
Bring your friends and family and join us March 28th at The Point in El Segundo at 5pm for our next buyer focused event: Financing Options & The Benefits Of Owning vs. Renting This event is free and snacks and beverages will be provided. Register here: https://www.eventbrite.com/e/financin...
South Bay Real Estate Broker, Mike Weber, discusses the Los Angeles and South Bay real estate markets at the end of January 2020. Learn about the latest trends in median homes prices, the supply of homes on the market, and how many of them are currently selling.
With low mortgage rates here to stay, inventory has fallen back down to 2017 levels, creating competition among buyers and more median price growth. Closed sales have risen substantially compared to last year from a year over year standpoint. As we move towards selling season over the next few months, it will be interesting to see what happens to new inventory as it becomes available. It certainly looks like it will be a highly competitive environment for buyers this year, unless something drastic changes, which is always a possibility with the coming presidential election and many major macro events unfolding almost weekly.
